Nov18: CPO(1D) - Shall 3200 Hold, Likely See Rally to 3.4-3.6k🐮Bulls taking a breather as active contract move to Feb2021.
Major S: 320x-6x >> Watch if hold on test...
If support hold, Look for rally towards R1-R3: 340x-5x, 350x-5x, 360x-5x in about 2weeks time. ;)
I've been on Long since turn Nov, check out my many other social platforms for latest charts & market updates. 🔔⭐️
Check out my prev post on a Major CPO Bull Cycle (happening now!)
❇️https://www.tradingview.com/i/CwQkXxdU/
Happy Hunting! 🥂🚀
-jk-
Fcpo!
FCPO TRADING : 220) still on persistent uptrendthis is haidojo and the number is 220 ...
today is the first day of fcpo-feb and that is not a real drop of 100pts...
it is more like the continuation of last month's price which extended into this month...
so the direction of the trend is still undefined yet...
price might test the previous higher-low at 3160, the rectangular space...
but before that, it needs to fall below 3260 - the previous high first///
which is the level where it turns frm resistance to support...
3350 is now the resistance level and supports are at 3260 and 3160...
*plan your trade and trade your plan... gud luck*
higher resistance : 3414-3450
resistance : 3350
support : 3260
lower support : 3160 (deciding bull/bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FCPO TRADING : 218) still on persistent uptrendthis is haidojo and the number is 218 ...
fcpo-jan is hitting its last day today...next Monday fcpo-feb will emerge and substitute this fcpo-jan and becomes the new player...
so a DB today going back to support level at 3350...and temporary resistance seen ranging frm 3410-3450...the safest strategy is still
long on pullback/retracement...so, the best of luck!
*plan your trade and trade your plan... gud luck*
resistance : 3414-3450
support : 3350
lower support : 3200-3260
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FCPO TRADING : 217) riding on the breakout tradethis is haidojo and the number is 217 ...
as I said a day earlier, ride on the breakout trade today...so in the best of luck, you might harvest some profit but if encounter with bad luck,
probably loss a small amount and not burning a hole in your pocket...with gud Money Mgm and proper risk reward, you dun need to be
hitting more than 80% accuracy to stay profitable in the long run...
remember, " a consistently profitable trader is an excellent loser "
*plan your trade and trade your plan... gud luck*
resistance : 3350 - 3414
support : 3200-3260
strong support : 3100-3120
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FKLI TRADING : 216)long on pullback/retracementthis is trade 216 frm haidojo trading...
" stay away and wait for coming opportunity if you juz miss this..."
if this was what had happened to you earlier, does it make sense to try to enter the trade right now?
well, depends on your trading plan, ok?
about the structure level, got something to share here...
a breakout frm the recent higher-low and forming a new lower-high/higher-high tell us the the trend has changed...
so now we reverse to long on pullback/ retracement...this is one of the most straight-forward and simple strategy...
*plan your trade and trade your plan... gud luck*
resistance : 1615
immediate resistance : 1585
support : 1540-1560
lower support : 1524-1520
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 215) waiting for breakout tradethis is haidojo and the number is 215 ...
the price is approaching the resistance level at 3260-63...waiting for the breakout and ride on it...hahaha...
if you dun trade breakout trade, then dun go for it...
*plan your trade and trade your plan... gud luck*
resistance : 3350 - 3414
immediate resistance : 3200-3260
strong support : 3100-3120
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
FKLI TRADING : 214)full steam aheadthis is trade 214 frm haidojo trading...
with recent fkli-nov full thrust which breaks not just one, but two resistance level and settle down at the third one...
there is no denying that market is on the upwards movement...haiz...this is a huge slap on my prediction the other day...
however, that is the reality of trading...I don't control the market, nor do I have any magical crystal ball which is going to tell me the
direction of the market... the market is going to do whatever it wants, whenever it wants , the onli thing we can do is...
1)set Stop-Loss if you are opposing the market to minimalize the loss,
2) let the profit flies a while if you are on the right side...
3) stay away and wait for coming opportunity if you juz miss this...
Remember, the skill here is not predicting the market with 100% accuracy, or owns system that plays 90% winning rate, but rather
survive and thrive even the predictions don't get 100% accuracy...
*plan your trade and trade your plan... gud luck*
resistance : 1615
immediate resistance : 1585
support : 1524-1540
lower support : 1488
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 213)a new resistance foundthis is trade 213 frm haidojo trading...
as the title has indicated, a new resistance is found - 1524...
another thing is, watch closely if double-top formation is actually happening on 9th nov 2020- today...
double -top plus resistance level is a strong reversal signal and might put an end to the current uptrend...
plan your trade and trade your plan... gud luck
higher resistance : 1540
immediate resistance : 1524
immediate support : 1487
lower support : 1446-1413
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 212) long on retracementthis is haidojo and the number is 212 ...
price doesn't hit back on the expected 3130- 3100 but hovering around 3160 and rebound...
so, now change of plan...wait for fcpo-jan to either :
1) fall on our favor of 3130-3100 strong support...then LONG
2) wait for a breakout of 3160-3163 and trade a breakout trade...then LONG
plan your trade and trade your plan... gud luck
resistance : 3350 - 3414
immediate resistance : 3200-3260
strong support : 3100-3120
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
Live FCPO Trade - 9 Nov'20- Market opened gap down and close on upbar with VSI.
- Noticed that in the morning session, price is hovering just below the upper Downtrend line before closing.
- Price did try to go up before move up but end up closing on the low with low volume; subsequent bars hold above the low of the opening bar (Evening session).
- Price broke this line with high volume; subsequent bars it tried to climb back up but closing with a topping tail formation. At this bar, I set my EP at 1 bar below the low of the opening bar (3180) and another EP at 1 point below the low of the SO bar (3174).
- Subsequently, both EP triggered and hit TP at 3166. Noticed that price at this bar touching the lower Downtrend line.
FCPO TRADING : 211) long on retracementthis is haidojo and the number is 211 ...
As I quote earlier, "there might be resistance near 3300", which is seen today as near 3230-3260...that is the new resistance...
3200 doesn't act as support level but 3100-3130 is a gud, strong support...see if this level holds...lower support is seen at 3020...
fcpo-jan will end in one week or more...so still long on retracement...beware of the 10th of every month...
plan your trade and trade your plan...gud luck
resistance : 3350 - 3414
immediate resistance : 3200-3260
strong support : 3100-3120
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
FKLI TRADING : 210)sudden shoot-up today...a contradicting signthis is trade 210 frm haidojo trading...
today is the end of announcement...news event...so a few things might happen...
price of fkli-nov shoot up to the resistance level- 1540...
price goes sideway and forms advanced patterns...
OR re-hit the previous support and bounces...support at 1487...1450
plan your trade and trade your plan...gud luck
resistance : 1540
immediate support : 1477-1487
lower support : 1446-1413
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds …DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 209)sudden shoot-up today...a contradicting signthis is trade 209 frm haidojo trading...
after breaking lower than the neckline 1477, the fkli-nov "supposingly" retest the previous support-turn-resistance 1477-1486
and glided down...but instead, the price moved past that level and shoot higher to 1508-1510...so this is puzzling...
either we have some news event today or the reversal has happened...
so watch out for resistance at 1540 and support (temporary) at 1486...
resistance : 1540
immediate support : 1477-1486
lower support : 1446-1413
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 208) uptrend persiststhis is haidojo and the number is 208 ...
the price has moved past the stubborn resistance ranging frm 3030-3130 and testing 3200...! this is a new high ever since Dec 2016!
now officially we are in high-fly lane and the price possibly challenge the next level pretty soon...the next level of resistance is ranging frm
3350 -3414...there might be some resistance near 3300 but the boundary is unclear as this price onli happened prior to 2012!
so long on retracement is the best strategy now...gud luck and gud trading...
resistance : 3350 - 3414
immediate resistance : 3200
strong support : 3070-3130
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
FCPO - Droste effectThe price of FCPO may having some adjustment after it climbed above 3000 from 2764. Once again, the price entered multi years supply zone which has been tested 4 times since late Dec 2016.
Diving into smaller picture, the price is developing a potential bearish pattern. The construction of the pattern which developed another bearish harmonic pattern in H1 time frame. A potential reversal pattern before completing a bigger pattern.
A potential trade opportunity if the price action tested & rejects from area of 3133 & fall back into the potential entry zone (small blue box) with a potential target price of 2970 & 2891.
Signing out.
FCPO TRADING : 207) possible formation of Double-topthis is haidojo and the number is 207 ...
a possible double-top formation ...fcpo-jan has gone into the selling region of 3070-3130...
another thing to watch out is...a possible formation of rounding top...this is supported by earlier price movement such as
when one of the critical supports 2980 was already broken...let's see if price could fall back to 2900...
if the price moves higher than 3130, then is it confirmed that uptrend persists...
higher resistance : 3200
strong resistance : 3070-3130 (abv this level is fastlane; crazy bull)
immediate support : 3020
lower support : 2900
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
FKLI TRADING : 206)important support broken! short on reboundthis is trade 206 frm haidojo trading...
neckline 1477 is broken! so now downtrend is confirmed...! so the best strategy now is short on rebound...
if you buy or intend to buy stocks in Malaysia, I reali think it is not the best timing...
lower level support is 1450 and 1400 support...
bearish bat and gartley pattern no longer valid...this is because leg A is violated...
immediate resistance : 1477-1488 (below this is confirmation of Downtrend)
lower support : 1446-1413
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 205) 3030 -3130 stubborn resistance? Head? this is haidojo and the number is 205 ...
fcpo-jan still in uptrend...no confirmation of reversal of trend until important support is broken...
price might retrace back to 2980 and even the critical 2900...
and we need to watch if the support holds...uptrend persists if 3130 stubborn resistance is finally broken...
higher resistance : 3200
strong resistance : 3100-3130 (abv this level is fastlane; crazy bull)
immediate support : 3020
lower support : 2900
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ